diff --git a/configure.ac b/configure.ac
index 156cca4dd0..b1ee48df26 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,7 +3,7 @@ AC_PREREQ([2.68])
 dnl initialize autoconf
 dnl when going to/from release please set the nano (fourth number) right !
 dnl releases only do Wall, cvs and prerelease does Werror too
-AC_INIT([GStreamer Bad Plug-ins],[1.1.1.1],[http://bugzilla.gnome.org/enter_bug.cgi?product=GStreamer],[gst-plugins-bad])
+AC_INIT([GStreamer Bad Plug-ins],[1.1.2.1],[http://bugzilla.gnome.org/enter_bug.cgi?product=GStreamer],[gst-plugins-bad])
 
 AG_GST_INIT
 
@@ -48,11 +48,11 @@ dnl - interfaces added/removed/changed -> increment CURRENT, REVISION = 0
 dnl - interfaces added -> increment AGE
 dnl - interfaces removed -> AGE = 0
 dnl sets GST_LT_LDFLAGS
-AS_LIBTOOL(GST, 101, 0, 101)
+AS_LIBTOOL(GST, 102, 0, 102)
 
 dnl *** required versions of GStreamer stuff ***
-GST_REQ=1.1.1.1
-GSTPB_REQ=1.1.1.1
+GST_REQ=1.1.2.1
+GSTPB_REQ=1.1.2.1
 
 dnl *** autotools stuff ****